Hexcel Co. (NYSE:HXL) Shares Acquired by Holocene Advisors LP

Holocene Advisors LP lifted its position in shares of Hexcel Co. (NYSE:HXL - Free Report) by 347.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 113,157 shares of the aerospace company's stock after acquiring an additional 87,849 shares during the quarter. Holocene Advisors LP owned approximately 0.14% of Hexcel worth $6,996,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. True Wealth Design LLC bought a new position in shares of Hexcel during the third quarter valued at $30,000. Capital Performance Advisors LLP bought a new stake in shares of Hexcel in the 3rd quarter valued at approximately $56,000. First Horizon Advisors Inc. lifted its stake in shares of Hexcel by 53.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company's stock worth $58,000 after acquiring an additional 326 shares during the last quarter. Huntington National Bank raised its position in Hexcel by 30.8% during the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company's stock valued at $59,000 after purchasing an additional 225 shares in the last quarter. Finally, Eastern Bank purchased a new position in shares of Hexcel in the 3rd quarter valued at $62,000. Institutional investors own 95.47% of the company's stock.

Hexcel Stock Performance

Shares of NYSE:HXL traded up $1.39 during mid-day trading on Wednesday, reaching $65.31. 804,703 shares of the company traded hands, compared to its average volume of 864,406. The company's 50 day moving average price is $61.25 and its 200-day moving average price is $63.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. Hexcel Co. has a 52 week low of $57.50 and a 52 week high of $77.09. The firm has a market cap of $5.29 billion, a PE ratio of 48.79, a PEG ratio of 1.98 and a beta of 1.30.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The business had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. During the same quarter in the prior year, the company earned $0.38 EPS. The business's revenue was up 8.9% compared to the same quarter last year. On average, equities analysts expect that Hexcel Co. will post 2.02 EPS for the current fiscal year.

Hexcel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, November 1st. Hexcel's dividend payout ratio is presently 45.80%.

Analyst Ratings Changes

A number of research firms recently weighed in on HXL. BMO Capital Markets reduced their price target on Hexcel from $70.00 to $68.00 and set a "market perform" rating for the company in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft lowered their price target on Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a report on Thursday, November 21st. StockNews.com upgraded shares of Hexcel from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. UBS Group boosted their price objective on shares of Hexcel from $67.00 to $69.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, Truist Financial cut their price objective on shares of Hexcel from $78.00 to $76.00 and set a "buy" rating on the stock in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Hexcel has a consensus rating of "Hold" and a consensus target price of $70.58.

Hexcel Company Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.